Why is the New Zealand Dollar so important as it can trade against the USD. New Zealand is rugged terrain with shepherding and wool the primary economic income stream. Does it have anything to do with Australia being so close.
2007-03-28 02:35:53 · 3 answers · asked by Lisa 2 in Travel ➔ Australia ➔ Other - Australia
Right now the NZ$ is high in value; some say too high. Our exports are becoming overpriced. But in recent years is has been undervalued on several occasions. Our economy no longer relies mainly on meat, wool and dairy produce. Tourism is now one of our major industries, and movie making, computer animation and flight, driving and golf simulators. Biotechnology is important too. But the NZ$ isn't a major trading currency like the US$, Yen, Euro or Swiss franc.
2007-03-28 12:04:30 · answer #1 · answered by zee_prime 6 · 0⤊ 0⤋
What makes you think it's important? The Aussie dollar's not important either. All currencies trade against the US dollar and all the other currencies of the world.
The $NZ and $A are appreciating against $US at the moment because their interest rates are rising while the US interest rates are falling. Nothing to do with importance, just money flowing to the best return.
2007-03-28 09:44:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
better check your facts again....
2007-03-28 09:41:51 · answer #3 · answered by little d 3 · 0⤊ 0⤋